Gold Intraday: expect 1932.00.
Pivot:
1962.00
Our preference:
Short positions below 1962.00 with targets at 1940.00 & 1932.00 in extension.
Alternative scenario:
Above 1962.00 look for further upside with 1970.00 & 1976.00 as targets.
Comment:
The RSI is bearish and calls for further downside.